In attributes sampling if the selected item cannot be located,the auditor should assume that the control procedure was not followed and assess that item as a failure.
Correct Answer:
Verified
Q40: Monetary unit sampling (MUS)results in an efficient
Q41: Incorrect acceptance is directly related to which
Q42: Which of the following is not considered
Q43: Which of the following is not considered
Q44: The audit objective of attributes sampling is
Q46: When performing sampling,the auditor is most concerned
Q47: Which of the following describes sampling risk?
A)The
Q48: Concluding that the book value of inventory
Q49: In MUS sampling basic precision is the
Q50: By using data analytics tools,the auditor can
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